Nokia Seeking $1B In Bonds, Reveals Lumia 510

Nokia today indicated that it is preparing to issue bonds in hopes of raising about $1 billion in new financing. The company's cash reserves fell from $5.5 billion to $4.7 billion during the third quarter. The new convertible bonds will be due in 2017 and should help shore up Nokia's resources. Also today, Nokia announced the Lumia 510, an entry-level Windows Phone for world markets. The 510 has a 4-inch WVGA display, 5-megapixel camera, Qualcomm Snapdragon processor, 256MB of RAM, and 4GB of on-board storage. It comes in five colors and runs Windows Phone 7.5. It costs about $200.

visit http://gdgt.com/nokia/lumia/510/specs/ for details.The folks at engadet tells us that there is NO expandable memory, and at 4GB it only allows about 2.2GB of user storage(perhaps for docs and such)The video review demonstrates how the OS key...(continues)